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Clariant Chemicals India Ltd Announces Transfer Of Business Of Textile Chemicals, Paper Specialties And Emulsions To Archroma India Pvt. Ltd; Enters Into Business Continuation Agreement


Tuesday, 1 Oct 2013 03:22am EDT 

Clariant Chemicals India Ltd announced that pursuant to approval by the Board at its meeting held on September 19, 2013 the Company has sold / transferred the business of textile chemicals, paper specialties and emulsions to Archroma India Pvt. Ltd. as on September 30, 2013 as a going concern and has received the total consideration of INR2.0915 billion. Clariant and Archroma has entered into business continuation agreement whereby Clariant will run the business for a transitory period in Trust for Archroma. 

Company Quote

854.0
-29.6 -3.35%
12:29am EDT